Redevelopment of Singapore Turf Club site could yield 20,000-40,000 new homes: analysts
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TENS of thousands of new homes could come up on the 120 hectares of land freed up by the closure of the Singapore Turf Club (STC), said real estate analysts.
STC’s current racecourse site in Kranji will be returned to the government by March 2027 to make way for housing and other developments in the area. This builds on previously announced plans to further develop Singapore’s northern region, such as redeveloping the area around Woodlands Checkpoint and transforming the Lim Chu Kang area into a high-tech agri-food cluster.
“This was not an easy decision but necessary,” said Second Minister for Finance and National Development Indranee Rajah at a press conference on Monday (Jun 5).
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